NEM - Northern Dynasty Minerals Receives a Key Approval
For gold-minded investors, Northern Dynasty Minerals (NYSEMKT: NAK) has long been a story. Although the company retains 100% ownership of the Pebble deposit, which is in southwest Alaska and has been dubbed by the company as "one of the greatest stores of mineral wealth ever discovered," it has its share of skeptics. The project has long been mired in controversy, caught up in litigation brought by those concerned that the potential mine could wreak environmental havoc.
A path forward for the Pebble Project seems to have emerged, however. Northern Dynasty Minerals has received its long-awaited Final Environmental Impact Statement (EIS) from the U.S. Army Corps of Engineers, presenting the company with a way to develop the project in an environmentally responsible manner. Does this mean that gold investors should rush to pick up shares of this miner? Let's dig in deeper to find out.
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